Video 1:30
Business in 90 seconds

In this update unemployment rate remains steady for the month of October; the Australian Dollar falls

Transcript

OFFICIAL FIGURES SHOW THE UNEMPLOYMENT RATE HAS HELD STEADY IN OCTOBER BUT ONLY BECAUSE MORE PEOPLE HAVE GIVEN UP ON THE SEARCH FOR WORK.##TAKE RVO##

THE JOBLESS RATE HELD AT FIVE-POINT-SEVEN PER CENT AFTER THE SEPTEMBER FIGURE WAS REVISED HIGHER.

JUST ONE-THOUSAND-100 JOBS WERE CREATED IN THE MONTH VERSUS EXPECTATIONS FOR AN INCREASE OFTEN-THOUSAND.

THERE WAS A FURTHER DECLINE IN WORKFORCE PARTICIPATION TO 64-POINT-EIGHT PER CENT.##READ ON##

#TAKE LIVE#\THE AUSTRALIAN DOLLAR HAS FALEN AROUND A QUARTER OF A CENT AGAINST THE GREENBACK AFTER THE JOBS FIGURES DISAPPOINTED THE MARKET AND ADD TO THE CASE FOR ANOTHER RATE CUT

DESPITE A BOUNCE ON GLOBAL MARKETS - THE AUSTRALIAN SHAREMARKET IS BEING WEIGHED DOWN BY BANKING STOCKS TRADING WITH OUT THEIR BIG DIVIDENDS.

THE ALL ORDS

THE ASX

ANZ, NAB, BANK OF QLD ARE ALL OFF OVER THREE PER CENT EX DIVIDEND

AUSDRILL HAS SLUMPED 24 PER CENT AFTER A PROFIT WARNING

ONE BRIGHT SPOT IS JB HI FI UP THREE

##TAKE US MARKETS##STOCKS ON WALL STREET SOARED BACK TOWARDS ALL TIME HIGHS AFTER TWO US FEDERAL RESERVE OFFICIALS SAID ONGOING WEAKNESS IN THE ECONOMY JUSTIFIED KEEPING INTEREST RATES NEAR ZERO FOR LONGER.